Requests for Proposal Available for Competitive Sub-Allocation for Energy Saving Capital Projects
Nashville – The Tennessee Department of Environment and Conservation’s Office of Energy Programs announced today the release of the state’s Qualified Energy Conservation Bond (QECB) Program’s Request for Proposals (RFP), which will detail how local governments and public universities can apply for low-interest bonds to finance qualified energy saving projects.
Qualified Energy Conservation Bonds were created by Congress in 2008 and expanded in 2009 by the American Recovery and Reinvestment Act. Tennessee’s total allocation for the program is approximately $64.7 million. More than $18.1 million has been, or is currently, scheduled to be issued for qualifying projects by jurisdictions automatically eligible under the federal legislation. The State has issued 12% of its allocation, surpassing the Southeastern average of 8.7%.